: After decades of focusing their operations on the electrical and electronics sector, Japanese companies are now diversifying their huge investments into new areas to reaffirm their confidence in the country as their top choice foreign investment destination.
“There are now in total about 1,500 Japanese companies in Malaysia and these companies have contributed to industrialize Malaysia. About 40 per cent of Malaysia’s export is from the E&E sector and this E&E sector has traditionally been exactly the areas of focus of Japanese direct investment. We have grown together with Malaysia’s industrialization,“ he told Bernama.
In the health sector, last year saw Mitsui, one of Japan’s leading trading houses, acquiring additional 16 per cent of Malaysia’s global hospital network, IHH. On digital technology, a start-up company was set up in Malaysia this year to provide mobility data based services to improve driving safety awareness with having fun, and to contribute to the distribution of traffic volume and reduction of accidents.
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